Global Intraoperative Radiation Therapy Market Size By Technology, By Product and Service, By Application, By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Intraoperative Radiation Therapy Market Size And Forecast

Intraoperative Radiation Therapy Market size was valued at 61.5 USD Billion in 2024 and is projected to reach 96.77 USD Billion 2031, growing at a CAGR of 6.43%% from 2024 to 2031.

Global Intraoperative Radiation Therapy Market Drivers

Numerous important factors are driving the intraoperative radiation therapy (IORT) market, including

  • Technological Developments The effectiveness and precision of IORT have been greatly enhanced by ongoing technological advancements in radiation therapy tools and methods, making it a more practical choice for the treatment of cancer.
  • Increasing Cancer Incidence The need for efficient treatment techniques has increased due to the rising incidence of cancer worldwide. IORT is becoming more and more popular among oncologists since it provides targeted radiation with little exposure to the surrounding healthy tissues.
  • Better Results from the Treatment According to clinical research, IORT can raise overall survival rates for some malignancies and improve local control of tumours. Its acceptance in therapeutic settings is being propelled by this advantageous result.
  • Increasing Perception and Acceptance A growing number of patients and healthcare professionals are becoming aware of the advantages of IORT, which is helping to increase its acceptance and incorporation into cancer treatment regimens.
  • Governmental initiatives that provide support The IORT industry is expanding thanks to government financing and programmes that support cutting-edge treatment technologies and enhance the infrastructure of cancer care.
  • Economy of scale When compared to traditional radiation therapy, IORT can be more affordable because it often involves fewer sessions and can shorten the duration of treatment, which appeals to patients and medical professionals alike.
  • Combining One Treatment with Another The use of IORT in conjunction with other therapies, such as chemotherapy and surgery, is growing, which improves its effectiveness and expands its range of applications.
  • Population Ageing The need for more sophisticated treatment alternatives like IORT is rising as the world’s population ages and becomes more vulnerable to cancer.
  • Technological Progress in Imaging Methods Improved imaging methods that provide more precise tumour visualisation and targeting during surgery are raising the precision and efficacy of IORT.

Global Intraoperative Radiation Therapy Market Restraints

Several factors can act as restraints or challenges for the Intraoperative Radiation Therapy Market. These may include

  • Exorbitant Expenses and Minimal Compensation Many healthcare professionals may find it difficult to deliver IORT care due to the high expense of the procedures and equipment, especially in low- and middle-income areas. Further discouraging the adoption of IORT are insurance companies’ restrictive payment practices. Patients and healthcare organisations can be reluctant to select or provide IORT if they do not receive sufficient financial support.
  • Operational and Technical Difficulties It takes skilled workers and specialised equipment to implement IORT. It can be difficult and resource-intensive to integrate IORT into current surgical processes without the assistance of a committed, well-organized team. The broad implementation of IORT in clinical settings may be constrained by these operational difficulties.
  • Insufficient Knowledge and Experience Both people and healthcare professionals generally lack knowledge and comprehension of IORT. In addition, a shortage of qualified experts equipped to provide IORT may arise from inadequate training opportunities for medical workers. This restricts its uptake, particularly in less specialised or smaller medical facilities.
  • Issues with Regulation and Approval For IORT devices, getting regulatory approval can be a difficult and drawn-out procedure. The approval and subsequent uptake of novel IORT technologies may be slowed down by regional differences in regulatory requirements. This regulatory obstacle may cause a delay in the release of cutting-edge IORT solutions.
  • Acceptance and Clinical Evidence Despite mounting proof of IORT’s effectiveness, some physicians are still dubious about its long-term advantages over conventional radiation therapy. To persuade the larger medical community of the advantages of IORT, larger clinical studies and long-term outcome data are required.
  • Infrastructure Needs To safeguard patients and medical personnel from radiation exposure, IORT requires specialised infrastructure, such as sophisticated radiation delivery systems and protected operating rooms. Many healthcare facilities may find it difficult to obtain the specialised infrastructure they need, especially those with low resources.
  • Rivalry with Other Therapies Other well-established cancer treatment techniques including brachytherapy, external beam radiation therapy (EBRT), and developing technologies compete with IORT. These substitute therapies, which have already been effectively incorporated into clinical practice, may be able to restrict IORT’s market expansion.

Global Intraoperative Radiation Therapy Market Segmentation Analysis

The Global Intraoperative Radiation Therapy Market is segmented based on Technology, Product and Service, Application, and Geography.

Intraoperative Radiation Therapy Market, By Technology

  •  Electron IORT
  •  Intraoperative Brachytherapy

Based on technology, the intraoperative radiation therapy market is segmented into electron IORT and intraoperative brachytherapy. The electron IORT segment is expected to grow at the highest rate in the intraoperative radiation therapy market in 2019. The growth of this segment can be attributed to the wide range of benefits associated with it, including lesser treatment time, better depth of penetration, and optimal dose homogeneity

Intraoperative Radiation Therapy Market, By Product and Service

  •  Products
  •  Systems/Accelerators
  •  Applicators & Afterloaders
  •  Treatment Planning Systems
  •  Accessories
  •  Services

Based on Product and Service the market is bifurcated into Products, Systems/Accelerators, Applicators & Afterloaders, Treatment Planning Systems, Accessories, and Services. In 2019, the products segment is expected to account for the largest market share. The larger share of this segment can be attributed to their growing availability; development of technologically advanced mobile systems/accelerators, treatment planning, and growing applications of IORT products in cancer treatment.

Intraoperative Radiation Therapy Market, By Application

  •  Breast Cancer
  •  Brain Tumor
  •  Gastrointestinal Cancer
  •  Head & Neck Cancer
  •  Colorectal Cancer
  •  Endometrial & Cervical Cancer
  •  Lung Cancer
  •  Other Cancers (penile cancer and prostate cancer)

Based on Application the market is bifurcated into Breast Cancer, Brain Tumor, Gastrointestinal Cancer, Head & Neck Cancer, Colorectal Cancer, Endometrial & Cervical Cancer, Lung Cancer, and Other Cancers (penile cancer and prostate cancer). The breast cancer application segment is expected to dominate the intraoperative radiation therapy market during the forecast period. This can be primarily attributed to factors such as the non-invasive nature of radiotherapy, rising incidence of breast cancer, and high success rates achieved with IORT.

Intraoperative Radiation Therapy Market, By Geography

  •  North America
  •  Europe
  •  Asia Pacific
  •  Rest of the world

Okay, so when we look at the Global Intraoperative Radiation Therapy Market based on geography, we're talking about North America, Europe, Asia Pacific, and basically, everywhere else! In 2019, North America (that's the US and Canada) was a big player, grabbing a major chunk of the market. Why? Well, it's pretty easy to get IORT there, and people are using it a lot to fight cancer. Plus, unfortunately, cancer rates are climbing, and both the US and Canada spend a good amount of money on healthcare per person each year. Even cool groups like the ASTRO are pushing for low-energy IORT, which is only making it more popular in North America!

Key Players

The major players in the Intraoperative Radiation Therapy Market are

  • ZEISS Group
  • iCAD, Inc.
  • Eckert & Ziegler
  • Elekta AB
  • GMV Innovating Solutions
  • Sensus Healthcare, Inc.
  • IntraOp Medical, Inc.
  • Isoray, Inc.
  • Becton, Dickinson and Company
  • Sordina IORT Technologies

Report Scope

Report AttributesDetails
Study Period

2021-2031

Base Year

2024

Forecast Period

2024-2031

Historical Period

2021-2023

Unit

Value (USD Billion)

Key Companies Profiled

ZEISS Group, iCAD, Inc., Eckert & Ziegler, Elekta AB, GMV Innovating Solutions, Sensus Healthcare, Inc., IntraOp Medical, Inc., Isoray, Inc., Becton, Dickinson and Company, Sordina IORT Technologies.

Segments Covered
  • By Technology
  • By Product and Service
  • By Application
  • By Geography
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